If you’re interested in investing in the future of drones, you may want to consider investing in the American drone companies that are leading the way. These companies include Northrop Grumman, AeroVironment, Draganfly, and Aurelia Aerospace. These companies make a wide variety of aircraft used in defense, commercial, and military applications.
Northrop Grumman is a global aerospace and defense company. Its segments include Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Its Aeronautics Systems segment is engaged in the design, development, integration, and production of advanced aircraft systems. Its Mission Systems segment focuses on airborne multifunction sensors, maritime/land systems, and networked information solutions.
The United States alone has a number of companies involved in the drone industry. One of these companies is EHang, which has been involved in various aspects of the drone industry. During recent months, rumors of a partnership with Volkswagen boosted its stock. However, a short-seller quickly claimed that the company misrepresented its intellectual property, revenue, and progress. Consequently, EHang’s stock dropped over 60% in a single day.
The company also has significant government and commercial contracts. It expects its space business to be its biggest revenue generator this year, making up one-third of its operating profit of $3.6 billion. While the company has a diverse portfolio of operations, it relies on steady government contracts for its success.
One of the leading manufacturers of unmanned aircraft systems (UAVs) and related technologies, AeroVironment, Inc., has seen its stock price increase more than 50% over the last year. The company has a diverse portfolio of military products, including tactical missile systems, high-altitude pseudo-satellites, and small hand-launched drones.
AeroVironment produces drones for the US military and has contracts with many other governments. It has even collaborated with NASA to develop the first Mars-bound robotic vehicle, and recently contributed to the firefighting efforts in California. However, the company is sending mixed signals from a financial standpoint. While its second quarter results exceeded estimates, they fell short of the company’s guidance. Its share price declined in November as investors became concerned about the company’s financial health.
As the drone industry ramps up its deployment, Northrop Grumman and other American drone companies are leading the way. Its RQ-4A Global Hawk surveillance drone made headlines after being shot down by Iran in November 2017. Its newest drone, the MQ-4C Triton, is based on the Global Hawk drone and is meant to be used in maritime environments. Its Fire Scout drone is another high-profile drone in the UAV market. The Santa Cruz-based company is currently trading at $62 billion and has a Composite Rating of 77.
Aurelia Aerospace is a company focused on heavy-lift payload drones. They manufacture their aircraft in an ITAR-certified factory in Fremont, California. Their drones are ideal for military, government, and aerial photography applications. They offer a variety of drone systems, including a PD-2 UAS that can travel up to a range of 1100 kilometers.
This stock has grown to more than $1.5 billion in market cap. Its EPS is over $1 per share, making it one of the best buys for investors looking for a solid long-term investment. Its recent news include a major Air Force contract, and it has recently launched an all-electric drone, the Skyborg.
As the demand for drones grows, the industry continues to evolve. UAVs are now widely used in law enforcement, entertainment, and industrial agriculture. The drone industry is now worth more than $2 billion – and it’s expected to hit seven billion dollars by 2021. According to the Drone Industry Insights website, there are already more than one million drones registered in the United States.